Nine elements of quality control are identified in this chapter. Listed below are specific policies and procedures pertaining to quality control:

1. Keeping records of professional staff who have relatives in key client positions.

2. Designating one individual as an SEC or industry expert.

3. Reviewing audit working papers.

4. Using time budgets in determining manpower requirements and in scheduling audit field work.

5. Appraising periodically the competency of assistants.

6. Inquiring of bankers and lawyers as to the reputation of a proposed client.

7. Establishing standards of academic preparation and accomplishment at the entry level.

8. Requiring personnel to attend seminars.

9. Appointing review teams to inspect quality control practices in different offices within a firm.

Required:

a. Identify the quality control element to which each policy and procedure relates.

b. Opposite your answer in (a), indicate one additional policy and procedure that pertains to the quality control element you have identified.